BITCOIN TO 22k BY DECEMBER 27th

٣١ أغسطس ٢٠١٨

This is just a Coinspiracy ;)
CME Futures contract dates + Major trend lines

١ سبتمبر ٢٠١٨

ملاحظة

We seem to have completed this potential iH&S, target would be between $8000 and $8500 but I would love to see BTC set a new higher high around $9000 (unlikely). Before going to those levels I would like to see BTC test our two long term trend-lines.
I mentioned the potential iH&S in my previous idea but I'm not sure of its validity. Comments are welcome :)

٢ سبتمبر ٢٠١٨

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We have broke out and we are currently above the line of the triangle! I’ve seen other top authors draw the top line of the triangle way lower but I think it was drawn incorrectly. Why? Because we saw massive activity happening just where I draw the line and the shorts went up by 53% just after BTC went up to 7400. Also the CME future dates are exactly around this area. So far we have kept the parabolic intact and I don’t see any signs on the daily that would indicate a major pullback. I see 3 potential scenarios from now on which I will update soon :)

٣ سبتمبر ٢٠١٨

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It seems like the top of triangle line I have is pretty accurate, check how the price is acting around it. We are currently under it and we need to brake out to see further up movement. If we don’t see that happening within the next hour we can expect a significant pullback to the bottom of the parabola. Best case scenario is to have a major short squeeze right here to reduce that massive spike in short we had yesterday. short term iwe are looking for a pullback, 1D timeframe we still have room for further up movement. Hope this helps! :)

٣ سبتمبر ٢٠١٨

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We broke down from that small triangle so I expect a move to 7150 to test the parabola line in black.

٣ سبتمبر ٢٠١٨

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By the way South Korea is back into crypto big time so I expect the price to go higher, even above $8000.

٣ سبتمبر ٢٠١٨

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Bithumb has the potential to push BTC higher, check the volume on that exchange! :)

٤ سبتمبر ٢٠١٨

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We are following the parabolic support line perfectly and now heading to $7500 to test that key level. If we are rejected, a pullback to around $7100 might happen but this would break our parabolic line of support and put us into bearish scenario. I'm expecting 70% chances to break above $7500 in which case we will quickly rise to $8200. Expect a lot of movement around $7500, bears won't let bulls pass this area easily. The ideal bullish scenario is setting a higher high just above $8500 and retest one of our major support lines around the 6th of Oct at around $7000 to then resume the bull run.
Worst case scenario is heading under $7000 in which case I would exit the market at 6800as well as all my alts positions.

٤ سبتمبر ٢٠١٨

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We also have our first cross over on the weekly MACD in 2018!


I have seen very bearish predictions based on monthly MACD cross but I think the monthly timeframe is too lagged behind to take it into consideration at this point.

٦ سبتمبر ٢٠١٨

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Hi all, today we broke the parabola and the fall was quite significant. We didn’t even get close to 7500. On the positive side we had a strong bounce exactly at the intersection of the two major support trend lines. As per my original idea, I always expected BTC to retest these major trend lines but not in such a strong way. If we maintain above these two trendlines and retest the upper side of the triangle then I expect more upward movement.

٦ سبتمبر ٢٠١٨

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By the way, I’ve seen a lot of nasty comments in other post, none of these post/ideas are financial advise and you are reserve to have your own ideas/opinions, this space is to share different ideas. This is not a battle of comments to see who is right. I don’t think I have never seen anyone on TV always get everything right. So if you got burnt don’t blame others :)